by Richard Vodra – “Peak Oil – the maximum sustainable rate of global oil production – happened in 2012. That’s one of the main conclusions of a new report, Fossil and Nuclear Fuels – The Supply Outlook, released in March 2013 by the Energy Watch Group (EWG). This event will have profound long-term implications for how advisors should manage clients’ portfolios, and how clients should plan their future expenses…”
As an organization focused on research, critical thinking, and education—not to mention the energy issues that will greatly affect future generations—it is only natural for ASPO-USA to collaborate with educators and students. ASPO-USA has always had strong ties with universities and the academic community, and is building on those relationships to develop even more substantial [...]
Since its inception, ASPO-USA’s strength and success has been built on the talent and dedication of many exceptional people. That legacy will continue as a new slate of officers leads the next chapter of ASPO-USA’s history. Formally elected by the board of directors at the annual conference in Austin in December, new officers include: Dr. [...]
By Randy Udall – “At a petroleum conference held some years ago, at the dawn of the shale rush, Richard Nehring, an industry veteran, was asked whether shale gas was ‘just a band-aid.’
‘I hope not,’ Mr. Nehring laughed. ‘Because we need a tourniquet!’ “
By Jeffrey Brown – “In this paper, I introduce the concept of the Export Capacity Index (ECI), which is simply the ratio of total petroleum liquids production to liquids consumption in net oil exporting countries. I then examine actual case histories, and I discuss Global Net Exports of oil (GNE) and what I call Available Net Exports (ANE), or GNE less the Chindia (China + India) region’s combined net oil imports.
My basic premise is that the net oil importing OECD countries are maintaining something resembling “Business As Usual” only because of huge and almost totally overlooked rates of depletion in post-2005 Global and Available Cumulative Net Exports of oil.”
By Richard Vodra – “A few weeks ago, John Mauldin called fracking a “happy solution” that will produce jobs, potentially solve our trade deficit and generate new tax revenue, though energy prices may rise in the process. But how excited should we be about the “shale revolution”?
Over the last few years, we have seen increasing enthusiasm – bordering on hype – over the idea that horizontal drilling plus hydraulic fracturing of shale rock to produce oil and gas, commonly referred to as “fracking,” is changing everything…”
By Ray Long – “Much like we did last year for 2011, we would like to take a quick look back at some of the stories, personalities, and quotes of the year that was 2012. One of the interesting aspects of the year was unmistakable visibility of Peak Oil discussions. It was only a few years ago, that Peak Oil was often considered a topic not to be discussed in polite company. Those days are clearly in the past…”